Search site
Our People
Contact our offices
Make an enquiry
How can we help?
A compulsory liquidation is the result of a winding up petition being issued at court against the business, usually where the business is unable to repay its debt. If the petition is issued your company could be in serious difficulty and you must seek professional advice immediately, speak to a member of our insolvency team on 01616 966 229.
loading staff
The consequences of a winding up petition being and advertised are your business being unable to trade, as it is common for banks to freeze bank accounts and suppliers to restrict credit terms or demand early repayment of outstanding debts. If the winding up petition is successful an insolvency practitioner is appointed as liquidator and trading should immediately cease. The liquidator assumes full responsibility of the business and any assets which can be sold to raise funds and pay off your creditors.
Our corporate insolvency lawyers are highly skilled in advising businesses experiencing financial pressure and it is never too late to seek help. Our team can identify a range of recovery solutions reducing the risk of insolvency and preventing creditors taking legal action against your business, call us on 01616 966 229 or complete an online enquiry form and we will contact you directly.
We're Great
It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.
An administration order could be a way to deal with debt if you have a county court or High Court judgment against you and you cannot pay in full. But who qualifies for an administration order and which debts are included? An administration order is an...
Twitter commercial
@CommercialLLP
Driving penalties for motorists who fail to MOT their vehicles
A leading motoring solicitor has urged motorists not to forget to MOT their vehicles this month as the extension period, introduced in the UK at the height of the coronavirus pandemic, comes to an end or else they will face hefty fines, points on their...
Commercial reorder
